|
By Oliver R. Hoor *
On 15 October 2014, the Luxembourg Government released the draft budget for 2015 (the “2015 Draft Bill”) which includes legislation on transfer pricing requirements. While the arm’s length principle is already firmly ingrained in Luxembourg tax law, the new rules further elevate the importance of transfer pricing in Luxembourg. It is expected that the 2015 Draft Bill will be adopted before year-end and will be applicable from 1 January 2015. This article provides an overview of the new transfer pricing legislation.
I. Introduction
Luxembourg is a major holding location used by multinationals and international investors for structuring investments in and through Europe. Luxembourg companies enter into diverse...
|